Euro Sun Mining announced that they have entered a binding Memorandum of Understanding with Glencore (GLNCY) International by which Euro Sun grants Glencore the right of first refusal for an offtake of all future concentrate to be produced by Euro Sun at its Rovina Valley Project in Romania. In addition, Glencore has the right to nominate one director to the Euro Sun board of directors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLNCY:
- Li-Cycle and Glencore establish commercial framework for Rochester Hub products
- Glencore upgraded to Buy from Hold at HSBC
- Glencore price target lowered to 485 GBp from 520 GBp at Barclays
- Glencore, US Strategic Metals enter partnership with Chilean Cobalt
- Glencore price target lowered to 500 GBp from 530 GBp at Deutsche Bank